2647 Chelsea Street 4, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
2647 Chelsea Street 4
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 2647 Chelsea Street 4, Los Angeles, California 90033 is currently available with a list price of $799,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1964, this 4-plex is described as well-maintained with a recently painted exterior and low-maintenance landscaping. However, the property lacks evidence of recent interior renovations to the kitchens or bathrooms, and the presence of long-term tenants suggests the units likely feature dated finishes and older systems consistent with a 60-year-old building that has undergone regular upkeep rather than modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Investment Location
Situated in a high-demand rental area of Boyle Heights, the property offers excellent proximity to Downtown Los Angeles, major hospitals, and key freeways, ensuring a steady pool of prospective tenants.
- Value-Add Opportunities
The property features significant upside potential through the addition of on-site laundry facilities and the possibility of further development or ADU expansion, allowing for increased future revenue.
- Low-Maintenance Upkeep
With a recently painted exterior and artificial turf landscaping, the property minimizes ongoing maintenance costs while maintaining strong curb appeal for long-term tenants.
CONSRISKS & DEFICIENCIES
- Rent Control Limitations
Being subject to Los Angeles rent control regulations restricts the owner's ability to adjust rents to market rates, which may limit immediate cash flow growth.
- Stagnant Income Potential
The presence of long-term tenants often indicates that current rents are significantly below market value, requiring a patient, long-term strategy to realize the asset's full income potential.
About 2647 Chelsea Street 4
Well-Maintained 4-Plex in Prime Location – Los Angeles Area This well-kept 4-unit property offers an excellent investment opportunity in a highly convenient location. Just a short drive to Downtown Los Angeles and close to shopping centers, schools, public transportation, hospitals, and major freeways. Property Highlights: Long-term tenants in place, recently painted exterior, Artificial turf for low-maintenance landscaping. Ample parking for tenants and guests. Potential to add an on-site laundry area. and possibility for additional development – buyer to verify with the city Subject to rent control regulations Don’t miss out on this income-generating property in a high-demand rental area!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1964
- Lot Size
- 6,893 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,314 | 2,272 | 69% |
| Lot Size | 6,893 | 5,923 | 77% |
| Price | $799.0K | $799.0K | 50% |
| Price per sq ft | $241 | $377 | 23% |
| Built year | 1964 | 1925 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 281 | 213 | 77% |
Pricing History
Listed for Sale
Feb 24, 2026
$799,000
$849,800
-6% Price Drop
Initial Listing
Price Change
Dec 18, 2025
$849,800
$875,000
-3% Price Drop
Initial Listing
Price Change
Oct 9, 2025
$875,000
$999,888
-12% Price Drop
Initial Listing
Price Change
Sep 23, 2025
$999,888
$999,999
+0% Price Increase
Initial Listing
Price Change
Aug 27, 2025
$999,999
Initial Listing
Price Change
May 29, 2025
$1,250,000
Initial Listing
Sold
Mar 24, 2004
$340,000
Public Record